This article was written by Mick Brooks in 2006 but remains a valuable explanation of Marxist theory in opposition to a new trend in the theoretical defence of capitalism.
The dominant idea of contemporary bourgeois thinking is that increasing international integration of economic activity, or “globalisation” will lead to prosperity and peace for all. But globalisation is not a concept that helps us understand the world around us. It is an ideological construct used to trumpet capitalist victory – to conceal the crisis-ridden nature of the system and its perpetual failure to meet the needs of the world’s working class.
Contrary to popular usage by the media and various political and economic commentators, ‘Globalisation’ is not an objective or neutral term which simply describes the contemporary world economy.